Money Store Financial Services Inc., the payday lender who has dropped into bankruptcy security, stated Friday that its stocks is supposed to be delisted from the Toronto stock market the following month.
The stock, which will be presently suspended from trading, will undoubtedly be taken off the TSX at the time of might 23 since the business no more satisfies the trade’s listing demands, money Store stated in a launch.
Edmonton-based money Store, swamped with financial obligation, has placed it self on the block because it attempts to restructure its operations.
вЂњCash Store Financial remains dedicated to doing the restructuring procedure quickly and effortlessly,вЂќ the company stated in a launch. Its professionals declined an ask for remark.
Money shop is dealing with a cashflow crunch and contains been awarded defense against its creditors by an Ontario Court.